Monthly Market Reviews

The U.S. economy expanded at a 2.0% rate in the third quarter, slower than the prior estimate of 2.1%. The downward revision was the outcome of a larger trade deficit stemming from a strong U.S. Dollar, weak global demand and falling commodity prices. Volatile business inventories reduced more...

U.S. real GDP missed expectations by the most since the third quarter of 2011 as the first quarter advance estimate came in at an annual rate of 2.5%, below the estimates of 3%. Fourth quarter growth was revised downward to 0.4%. Gains in personal consumption expenditure, inventories and housing...

Economic reports released in June were somewhat better than expected, though GDP growth was a notable disappointment. On the positive side, the labor market showed modest improvement and retail sales, consumer confidence, and housing market data posted better than expected results. Industrial...

September economic data was in line with our expectations (VCG – Outlook - Second Quarter 2010) and paints a picture of soft growth. The US economy grew at a pace of 1.7% for the second quarter of 2010. This third revised growth estimate, although better than the second revision, is a weak...

U.S. real GDP grew at an annual rate of 1.7% during the second quarter of 2013 according to the advance estimate. This was higher than the consensus forecast of 1%, but sluggish by historical standards. The increase in real GDP primarily reflected positive contributions from personal consumption...

The initial GDP numbers show that the US economy continues on its path towards a slow and sluggish recovery. The third quarter GDP (advance estimate) increased at an annual rate of 2%, close to the consensus estimate of 2.1% and a slight acceleration from the second quarter’s 1.7%.

U.S. real GDP growth in the 2nd quarter of 2013 was revised to 2.5% from 1.7%. Positive contributions to the upward revision came almost entirely from net exports, as U.S. exports’ contribution to GDP came in at the highest level since 2010. In addition to exports, U.S. GDP continues to see...

The U.S. real GDP grew at an annual rate of 2.5% in the third quarter according to the revised (second) estimate. This is higher than the initial estimate of 2% and slightly above the consensus of 2.4%. This falls within our expectations of a soft recovery (VCG – Outlook – Third Quarter 2010)....

Second quarter U.S. real GDP growth was unchanged at 2.5% according to the third and final estimate from the Bureau of Economic Analysis, below the consensus estimate of 2.7%. The increase in real GDP during the second quarter primarily reflected positive contributions from personal consumption...

The U.S. real GDP was revised upward to an annual rate of +2.6% in the third quarter according to the third and final estimate. This is higher than the earlier estimate of +2.5% but below the +2.8% consensus estimate. The modest increase can be attributed to a slight reduction in consumer...

October headlines were dominated by political brinkmanship in Washington which led to a partial government shutdown and near technical default on U.S. government debt. The shutdown left roughly 800,000 federal workers on furlough during the first half of October. President Obama signed a measure...

The U.S. economy picked up steam towards the end of 2010 as U.S. consumers increased spending and U.S. companies increased their net exports. The real gross domestic product of the U.S. grew at an annual pace of 3.2% during the fourth quarter, according to the initial estimate. U.S. consumer...

U.S. real GDP was revised to a 3.6% annual pace during the third quarter, higher than the preliminary reading of 2.8% and above economists’ estimates of 3.2%. This is the fastest pace since the first quarter of 2012. The increase in the latest estimate was almost entirely due to further growth...

Real GDP in the U.S. increased at an annual rate of 2.8% in the fourth quarter of 2010, according to the second estimate released by BEA. This is lower than the advance estimate of 3.2% and the consensus of 3.3% as consumers and state and local governments spent less than previously estimated....

In December, the final estimate of U.S. third quarter real GDP was revised to a 4.1% annualized pace, up from an estimate of 3.6% in November. The results reflect a gain over the second quarter growth of 2.5%. The increase in the latest estimate was almost entirely due to further growth in...

The 2010 fourth quarter Real GDP in the U.S. was revised upward to an annual rate of 3.1%, according to the third and final estimate released by BEA. The increase was primarily due to a greater than previously estimated rise in private inventories. The Real GDP growth rate for all of 2010 is 2.9...

In January, the advance estimate of U.S. fourth quarter real GDP showed 3.2% annualized growth. The results indicate a 2.7% growth rate in 2013, the strongest rate in three years. Consumer spending, the largest component of GDP, grew 3.3% in the fourth quarter, a significant increase from the 2...

The 2011 first quarter Real GDP in the U.S. increased at an annual rate of 1.8% after a 3.1% rise in the previous quarter according to the advance estimates from BEA. The weakened growth rate is primarily attributed to higher food and energy prices along with adverse weather during the first two...

Economic reports released in February were generally weaker than expected. Market commentators primarily attributed the weakness to extreme winter weather. Many of these reports also made significant downward revisions to November and December data, indicating a lower positive momentum towards...

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